Suncorp Group (Suncorp) achieved a blowout orderbook for its wholesale tier-two transaction priced on 29 August. According to the issuer, the robust investor response was the result of scarcity of product, transparent execution strategy and an influx of liquidity in the market.
The Australian securitisation market is arguably in its best shape since the financial crisis – at least in the sense of the robustness of market infrastructure and diversity of participants on the issuer and investor sides. In November, a record number of delegates gathered in Sydney at Australian Securitisation 2018, the annual conference of the Australian Securitisation Forum, to discuss the state of play – and some of the looming challenges.
Key data and information on 23 global bank issuers active in the Australian dollar market. The issuer section includes funding strategy information as well as corporate debt data on profiled borrowers.
KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2017. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2017 in the Australian and New Zealand debt markets.
On 24 October, Suncorp-Metway (Suncorp) (A+/A1/A+) launched a minimum A$250 million (US$177.1 million) increase to its August 2022 floating-rate note (FRN). The forthcoming deal is being marketed in the area of 90 basis points over three-month bank bills. Pricing is expected on the day of launch, according to lead managers ANZ, RBC Capital Markets and Westpac Institutional Bank.